diamondhandstrading.co

What It Is

Diamond Hands Trading Co. is not a traditional cryptocurrency exchange, wallet, or DeFi protocol. It is a funded-account evaluation / prop trading challenge platform. Users purchase challenge accounts of different sizes and trade on TradeLocker. The platform states that, at launch, it only offers CFDs, and the specific tradable instruments must be checked inside the platform. As such, it is better suited to traders who want to qualify for a funded account and trade CFDs, rather than users looking to directly buy, sell, or custody crypto assets.

Core Rules and Trading Conditions

The platform emphasizes “transparent rules, fixed targets, guaranteed payouts, and no trailing drawdown.” Its risk controls include an equity-based daily loss limit and a static maximum drawdown. The static drawdown is calculated from the initial balance and does not move up as profits increase. For example, on a $50,000 account with an 8% maximum drawdown, the failure level is $46,000. There is no maximum time limit for completing a challenge, but there is a minimum trading-day requirement. Trading style is not subjectively restricted, and the platform explicitly states that it does not enforce so-called consistency rules. Each trader may manage up to 5 live/funded accounts and may hold unlimited challenge accounts.

Fees, Payouts, and Restrictions

Purchase fees are disclosed at checkout, but the main site text does not provide specific pricing, fees, spreads, or commissions. The refund policy is relatively strict: once challenge access has been delivered or the program has started, refunds are generally not available. For duplicate charges or platform-side technical access issues, users must contact support within 7 days. The funded-account profit split is shown as 90% to the trader. The first payout requires at least 5 funded trading days, a profitable account, compliance with all rules, and an additional +1% buffer above the profit target. Payouts are processed biweekly, but caps apply: the first 4 payouts are capped based on account size, and all subsequent payouts are capped at $1,000.

Compliance, Security, and Transparency

The page does not disclose the country of registration, regulatory licenses, KYC process, fund custody arrangements, cold-wallet setup, insurance, or fiat payment channels. The terms only state that the content does not constitute investment, financial, legal, or tax advice, and prohibit account sharing, fraud, and exploiting platform errors. For crypto-industry users, these omissions materially affect trust, especially because the platform involves CFDs and funded-account payout arrangements. Users should carefully verify the legal entity, qualifications, and contract terms.

Pros, Cons, and Who It Is For

The advantages are clearly stated rules, no maximum challenge duration, an easy-to-understand static drawdown model, and a high profit split. The drawbacks are that it only offers CFDs, product and fee details are limited, payouts are capped and require an additional profit buffer, and compliance/security disclosures are insufficient. It is suitable for traders who understand prop trading rules, can strictly control drawdown, and are willing to accept the high risks of CFD trading. It is not suitable for users who need real crypto spot trading, on-chain self-custody, or clear regulatory protections.

Access from China

The main content does not provide information on availability for mainland China access, payments, or withdrawals, so this remains unknown. Chinese users should also pay attention to network accessibility, payment channels, identity verification, CFD compliance risks, and policy restrictions related to foreign exchange and crypto. Comparable prop platforms include FTMO and The5ers. If the goal is real crypto trading, users should choose a compliant exchange or wallet solution instead.